Currency Futures Dispensations

Currency futures were launched predominatelyas a retail product.
The initial dispensation granted by the Minister of Finance in 2007
allows individuals to trade over and above their two millionRand foreign allocation allowance stipulated by the SouthAfrican Reserve Bank.
Individuals, in other words, have nolimits to the value traded in the currency futures market.

The Minister of Finance in his 2008 budget speech extended the currency futures qualifying audience to include all South African corporate entities.
Corporate entities, including companies, close corporations, (Pty) Ltds, partnerships and trusts are authorized to trade currency futures with no restrictions on the value traded.
Corporate entities do not need to apply to Reserve Bank to trade nor do they have to report their trades.